5 Ways to Find Your Home During an Inventory Shortage

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637
www.BucknerHomes.com

Ocala’ Market is very hot again!! Read this great article from professrbarron.com

The news is out. Real estate is back. Home buyers are in the game again, but they’re facing a huge inventory shortage in most markets. Some buyers make three of four offers on homes, only to keep losing out to other buyers.

In this tight market, buyers and real estate agents need to think outside the box. You may need to go after homes that aren’t listed for sale. Here are five ways to do that.

1. Look for ‘expired’ and ‘withdrawn’ listings

A good agent will scour the MLS for homes that were listed in the recent past but never sold. Many homes failed to sell because they were seen as overpriced at the time. Does their last list price seem like a valid price today? Chances are, the owner doesn’t realize how much the market has picked up and might still be open to selling the home. Have your agent contact the owner with a letter expressing your interest in purchasing the property. Show the owner you’re serious, and you’ll likely get a response.

2. Search for Make Me Move® prices

Do you feel like cattle being herded through a busy open house with dozens of other buyers? Scouring the Zillow app while on the Sunday open house circuit? You might want to filter listings by searching for homes with a Make Me Move price in the neighborhoods where you want to own.

Owners who have set a Make Me Move price have gone out of their way to indicate a price that would make them sell. Some would-be sellers are unrealistic in their pricing. But others may have listed their property months or years ago, and their price may in fact be doable. Reach out to them with an offer. It often works.

3. Check rental listings

Why would a buyer go after rental listings? Here’s why: The owner may have lived in the home at some point but had to move for a job transfer, divorce or life change. At that time, their home could have beenunderwater or the market simply wouldn’t support the asking price. Instead of listing it with an agent, they just decided to rent it and “ride it out” for a couple of years. Their current tenant might have given notice and, without knowledge of the changing market, the owner simply wants to rent it again. Go see the home. If you like it, find out if the owner would be open to selling. Make it easy, and they may be on board.

4. Don’t ignore overpriced listings

The No. 1 complaint among real estate agents everywhere is working with a seller who’s unrealistic about their home’s price, especially in this tight market. But as a buyer, you might use it to your advantage.

After six weeks or less in some markets, an overpriced home loses its luster. The seller doesn’t clean as often. Weeds grow in front. And it just may not show as well. The fading curb appeal, along with an unrealistic price, will keep buyers away.

How is this good for the buyer? Many sellers won’t list their home at a lower price but will sell it at a lower price. Go in with an offer before the first price reduction, if possible. Once they do drop the price, other buyers will take notice again, and you may have competition.

5. Off-market or pocket listings

Some homeowners want to sell but don’t want to or can’t list. Maybe they simply don’t want the hassle of keeping a clean home and dealing with showings. Or perhaps they’re just very private. Especially in the luxury market, some owners just don’t want to publicly list their homes.

In many markets, real estate agents regularly network with each other about potential deals. Some areas have dedicated websites for agents to share off-market properties, also known as “pocket” listings. Also, brokerage firms generally release upcoming listings to their agents a few weeks before they hit the MLS. Work with a well-connected agent and make sure you’re privy to these potential opportunities.

Think outside the box

Most active buyers spend months looking for a home the traditional way. Until prices rise enough to bring more sellers and inventory into the market, these buyers will likely keep facing tight housing inventory. That’s why it’s important to make sure your agent is trying every way possible to uncover opportunities for you. Be open to using non-traditional methods to beat the competition and take advantage of low interest rates and favorable pricing.

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.

Just call and say Help Help me Rhonda 352-266-2637

Ocala Investor’s |What’s the Best Way to Earn Wealth in Real Estate?

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637
www.BucknerHomes.com
Ocala is a great market for the real estate investor, Here is some great words of the wise as written by Profressorbarron.com

The prospect of buying inexpensive properties, making cosmetic improvements and flipping those homes back onto the market for a hefty profit causes many people to ponder becomingreal estate investors.

And while a fraction of those who take this approach are successful, most of them have worked for other people to learn the business, have extensive experience in real estate and contracting and/or have the resources to support themselves — and cover some losses — so they can focus on flipping homes full time for a few years to get started.

For everyone else, the best way to make money in real estate is to focus on the long haul: Buy cash-flow positive properties, do due diligence before buying and keep tenants for a long time.

Learning as you go

Buying rental properties for long-term hold is likely to be a successful way to earn money in real estate. But it isn’t easy; in fact it’s a lot of hard work. Most rental property owners have horror stories of lessons learned from losing money and the hassles they’ve experienced on rental properties. But they learn as time goes on, and they start to earn consistent income. And once they do, they laugh about the past and most of them would swear they’d do the same thing over again.

Wise investing

If you make smart real estate purchase decisions and buy decent properties that are cash-flow positive, put money into improving those properties, select good tenants and work hard to keep those tenants, then you can earn a nice retirement “pension” plan.

Beware that buying decent properties is no easy task: The education is formidable, and you will feel some pain over time as mistakes you make come to light. But it can be a great long-term wealth building tool if you’re patient and stick with it.

For most people, building real estate wealth simply takes time.

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.

Just call and say Help Help me Rhonda 352-266-2637

Great Buy in Ocala Windstream Subdivision $104,500

Rhonda Buckner
Buckner Homes Realty
3200 SE 20 th AVE
OCALA, FL 34471
WWW.BUCKNERHOMES.COM

Windstream Subdivision $104,500
Very well kept home on a cul de sac. Features include a split bedroom floor plan, volume ceilings, a formal dining room, a beautiful eat in kitchen, a wood burning fireplace,Large Master bedroom & ceramic tile in the bathrooms, screened in porch. Will not last long!

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.
Just call and say Help Help me Rhonda 352-266-2637

Ocala Market 2013| What is Really Selling

Ocala’s Real Estate
The truth about what has happened in our market

After taking some time to go through the numbers, I was able to get a clear picture of what we have recently experienced in our Real Estate market. The news media seems to be all over the board on this. One day we were riding on top of the economic wave the next we are rolling in the sand trying to dig our way out. This can be quite frustrating for us in the Real Estate business. We are left to try and convince those that want to buy homes or the people who want to list, that these are awesome times in Marion County Florida. With interest rates at 3.5% to 3.7%, and I’ve even had buyers getting as lows as 2.8%, there has never been a better time to buy a home. I am of the opinion that once these rates are gone we may never see them ever again. Now that the smoke has settled let’s take a look at the facts. In 2011, 301 homes sold monthly with average sales price of $102,353 with 164 days on the market and the average price per square foot was $53.00. That doesn’t sound like a bad year to me, hang on it gets better. In 2012 we had an average of 307 home sell per month with an average sales price of $103,567 and the average days on the market of 148 at an average price per square foot of $58.00. This means that we had steady increase across the board. The best news is that we are up substantially from 2009 where homes were stagnating at an average 160 days on the market. So far in 2013 we are holding steady with the average price per square foot at $63.00 and increasing monthly. It appears that Marion County has bounced off of the bottom and we are on the rise.
We are not completely out of the woods yet. There seems to be no end in sight for the foreclosures. Unfortunately our job market hasn’t been able to keep up with the Real Estate growth, and we still have those sellers who are having to short sale their homes. If you are upside down in your mortgage and you cannot afford the payments, then this is still a great avenue to take. A short sale will release you of the deficiency balance and a mortgage that you can no longer afford. If you have not missed a payment on your primary residence and would like to stay in your home then there is help. The U.S. Government has devised a program known as HARP (Home Affordable Refinance Program). In short they can refinance your existing mortgage at a lower interest rate. To sum this all up, whether you’re buying or selling, all indications point toward this. “Now is the perfect time to buy or sell a home”.
If you or someone you know has any questions concerning our Real Estate market just give me a call, I’ll make the time to talk. I am praying that you and yours have the most prosperous year ever. Thanks again for your loyalty, Rhonda. Give me a call 352-266-2637

12160 ne 135 st, FT MC COY, FL 32134

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637
www.BucknerHomes.com
Bucknerhomes@gmail.com

12160 ne 135 st, FT MC COY, FL 32134
Real Estate for Sale, ListingId: 22578697, Ft Mc Coy, FL  32134

4 BEDROOM ON 10 ACRES
Coming soon. You must see this property. Very large home on 10 acres, privacy at it best. Kitchen has island and stainless appliances double oven, granite counter tops, Large family room and living room, split bedroom, covered porch in back. Call for appointment

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.
Just call and say Help Help me Rhonda 352-266-2637

7 banks foreclosing on the most mortgages

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637
www.BucknerHomes.com

“The banks foreclosing on the most homes may not directly own the bulk of the mortgages,” 24/7 Wall St. explains. “Rather, they often service them for other entities, which means collecting payments from homeowners and foreclosing on those properties when they become delinquent.”

24/7 Wall St. determined the banks foreclosing on the most home loans by reviewing RealtyTrac data from February of this year. The company identified the following banks as foreclosing on the most homes:

1. Bank of America (which includes Countrywide’s portfolio from its acquisition)
Loans in foreclosure: 96,319
Percentage of loans underwater: 61

2. Wells Fargo
Loans in foreclosure: 84,903
Percentage of loans underwater: 56

3. JPMorgan Chase
Loans in foreclosure: 53,325
Percentage of loans underwater: 54

4. U.S. Bancorp
Loans in foreclosure: 44,881
Percentage of loans underwater: 62

5. Deutsche Bank
Loans in foreclosure: 33,608
Percentage of loans underwater: 63

6. Bank of New York Mellon
Loans in foreclosure: 31,821
Percentage of loans underwater: 67

7. Citigroup
Loans in foreclosure: 27,697
Percentage of loans underwater: 54

Source: “Banks Foreclosing on the Most Homes,” 24/7 Wall St. (March 12, 2013)

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.

Just call and say Help Help me Rhonda 352-266-2637

Getting ready to Buy in Ocala?|Most Important Things to Do Before and After Closing

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637
www.BucknerHomes.com
Great advice ! Love this article from 

You searched for homes over the course of months or even years. You endured a series of offers and counter offers, property disclosures,inspections and reports. Finally, after so much excitement, stress and anxiety, the house hunt has come to an end.

But the story isn’t over yet. Here are some next steps to consider before you actually move in.

Plan any work well in advance

Rarely does a buyer get a place that is truly in “move-in” condition. By the time you’ve signed a contract, you have lots of ideas about how you’ll live in this home, how you’ll customize it and what work needs to be done.

If the place needs work, don’t wait until you’ve closed to engage a painter, a floor refinisher or a general contractor. Either at your final walk-through or during a private appointment after you’ve removed your contingencies get the proper contractors in the house. Start getting bids for necessary work. If possible, have floor sanding, painting or small fix-it work done before you move in. Real estate agentswork with all kinds of tradespeople, so they’re often a great resource for referrals

Set up the utilities

Some people assume the utilities will work once they walk in on day one. While many utility companies have grace periods (the days between when the seller cancels service and the new ownercalls), you can’t always assume this will be the case. If you have an out-of-town seller, they may have cancelled services the day they knew all contingencies were removed. In this instance, the grace period likely lapsed, and you may be stuck dealing with the electric company, waiting for an appointment or just being without power when you really want to start painting, fixing or cleaning.

The best plan is to call the utility companies and get service set up well before closing. If they haven’t received cancellation notice from the seller, let the seller know to take care of that.

Got the keys? Great, now change the locks

Assume that every one and his brother has a set of keys to your new home. The seller’s real estate agent likely gave copies to his or her assistant, a painter, stager or even another agent at some point during the marketing period. That’s why the first person you should call after getting the keys is a locksmith.

A new homeowner was shocked when a painter walked into the house at 7 p.m. The painter had a punch list of to-do items from the listing agent, but nobody had told him the house had closed two days early. He assumed it was vacant. Don’t let this happen to you. Spend the money to get all the locks changed right away. You’ll sleep better at night.

Hire a cleaning crew

There’s nothing worse than showing up with the movers, dozens of boxes and your personal belongings only to discover the seller hadn’t had the place cleaned.

Assume the worst and get a professional cleaning crew in there the minute after the closing. Even if the seller did clean, they may have done a poor job. You want to start life in your new home with a clean slate. The movers might make a mess while moving in. But the bones of the place will be sparkling clean and you won’t be scrambling to get cleaners in while the home is in a state of disarray as you unpack.

Have a handyman, small contractor or designer on call

Moving in can take days, if not weeks, and is made up of the kind of stuff you wouldn’t wish on your worst enemy. Things like aligning your framed artwork, centering the couch in the living room or getting the large rug set up in the master bedroom can drive you crazy. Nailed multiple holes in the wall in an attempt to get your family photos lined up on the staircase? Not all of us are cut out to do this kind of stuff. Imagine doing all this throughout an entire 3,000-square-foot house, and you’ll probably feel overwhelmed.

While it may seem like a luxury, investing a few hundred dollars in hiring someone to take orders, help with setting up and take over some of these mindless tasks will save time and potentially relieve you of a giant headache.

Thinking ahead is the way to go

The journey to home buying could have been anything from fun to stressful and emotional. When the closing date draws near, you’re probably exhausted. But taking a little extra time to plan ahead will save you time, money and a lot of hassle. And it will make the move into your new home so much more satisfying.

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.

Just call and say Help Help me Rhonda 352-266-2637

Live in Ocala Learn More About HOA

Shared by
Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637
www.BucknerHomes.com
Check out this recently published article from Zillow .com

fRule bookAsk enough condo owners, and you’ll likely hear at least one horror story about their homeowners association (HOA). One of the most extreme examples recently made the news when an HOA president in Evansville, IN directed ahomeowner to implant a microchip in her dog.

Though they sometimes may go overboard, HOA rules and regulations are meant to protecthome values and the homeowners’ quiet enjoyment of their property. What few buyersconsider when embarking on a condo purchase is that, as an owner of a condo, you’re a member of the HOA that governs the condominium complex. You will be subject to the HOA’s rules.

That’s why it’s so important to take a close look at the HOA in advance. While the process varies by market, a buyer’s typical contract with the seller will allow time for disclosure review, which includes due diligence on the HOA.

Many buyers wonder how to do due diligence on the HOA. The answer is to request copies of the HOA documents (meeting minutes, financials, house rules and governing documents). The seller, as a member of the HOA, has access to these documents and should make them available to the buyer.

Here are three things potential condo buyers should do with those documents:

1. Read the past year’s meeting minutes

Above all, read the minutes of the HOA monthly or quarterly board meetings. You can learn a lot about the HOA’s inner workings, such as the politics and how enforceable its rules are. You’ll get a sense of how the HOA works, who’s on the board and how flexible or difficult they are to deal with.

The most obvious red flag is any discussion in the minutes of an upcoming assessment or any major project (painting, roof repair, boiler replacement). These conversations generally happen months or years before the work (and assessment) is enacted. Other potential red flags would be documented conflict between homeowners and board members, such as the case mentioned earlier about the HOA president telling the homeowner to put a microchip in her dog.

2. Review the house rules and regulations

Nearly every HOA has its house rules and regulations. In a suburban subdivision, typical rules would include restrictions on how your home looks from the street (no pink houses on Elm Street). In a condo building, restrictions often cover noise, such as no loud music or noise between 10 p.m. and 8 a.m., or that 85 percent of your hardwood floors must be covered by area rugs in living, dining and bedroom areas.

While there are generally accepted common rules, from time to time more excessive ones stand out that may not sit well with a potential buyer. Some examples include no RVs in the driveway or the required removal of Christmas lights by Jan. 15. A buyer’s response to such rules is subjective. But it’s better to know the type of HOA you’re buying into before you sign the final paperwork.

3. Review the financials

Be on the lookout for HOAs that can barely cover their monthly expenses. Since the housing crisis began, many HOAs have been forced to foreclose on homeowners who are behind on their HOA dues. If you have a third of homeowners not paying, that affects everyone, as the money needs to be made up somewhere.

Another red flag is the lack of a reserve fund. If the HOA only has $5,000 in reserves, and there’s mention in the meeting minutes of a major sidewalk replacement, you should assume that funding for the project will come from a one-time “special assessment” levied on the homeowners. Don’t want to be stuck with a $10,000 mandatory assessment six months after you move in? You may want to reconsider this property.

Advice to sellers

If you live in an HOA community that has some issues, be sure to disclose them upfront. It’s not much different from disclosing the leaky window or recent crime in the home. You don’t want to create a giant red flag for potential buyers, of course. But if they find out about something major after the fact, it could come back to haunt you. Work with your real estate agent and strategize about some of the best ways to make the HOA documents or disclosure information available to buyers during escrow.

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.

Just call and say Help Help me Rhonda 352-266-2637

4035 SE 17 Lane, OCALA, FL 34471

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637
www.BucknerHomes.com
4 BR, 2 full BA Single Family Home
4 BEDROOM POOL HOME
$145,000 Super SE neighborhood for the 4 bedroom pool home. The home features laminate wood flooring and wall to wall carpet throughout, an eat in kitchen with ceramic tile and a large pantry, nice size bedrooms, cultured marble surrounds in the bathrooms, a covered patio, new roof. Not a short sale or foreclosure

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.
Just call and say Help Help me Rhonda 352-266-2637